Relationship between Altcoins and Bitcoin

[powerman24]

Altcoins price has huge correlation to Bitcoin. Their price move together with BTC as it is the market
leader with over 50% market dominance and it dictates the dirrection. As the market becomes bigger
in terms of volume this correlation will be weaker.

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[miyaka26]

You're right about that there are so many projects right now even those without a post to this forum for the announcement of token sale or the project development, it's hard to find a decent one these days with the same field different ICO's offering that they have a better one, for the question its pretty obvious for the answers and for the last one of their relationship is that they are built on the blockchain technology.

[atariguy]

The price of all coins depends on bitcoin because It is a benchmark for the market, this is a reference coin

[tamerl4n]

Of course the main difference between the two cryptocurrencies is the speed with which they can be mined. A block consisting of 50 litecoins is mined by a common network of miners every 2.5 minutes, while the same block takes 10 minutes for bitcoins.

[limmousine]

~snip~

What might be the factor that affects the value of an altcoin?
What makes an altcoin value increase? as well as decreases?
~snip~

their platform or product is a fundamental reason that can create growth and can increase its price. like the BNB which has binance exchanges, because every day the user continues to grow and the trading volume continues to rise, then this will automatically create a demand for the BNB.

[Ekosistim]

through your explanation, i think altcoin rate was defend on market situations and the most important was bitcoin itself as parameter for altcoin price in market.

[Benarand]

The connection between bitcoin and altcoin exists, since the latter are traded in pairs in bitcoin, and their price directly depends on the value of bitcoin. Also, the price is formed by the users themselves, since they create a demand for coins, and accordingly, with an increase in demand, the price increases.

[bahnfire]

A question arises when we think of the possibilities that the leading cryptocurrency bitcoin is related to other altcoins such as ETH, doge, litecoins and etc. Bitcoin price directly influence the other altcoins. but their relationship is not that predictable. One interesting thing to find out is whether ALTCOINS with the same state has a value relationship. It is when we analyze if there is a direct and indirect proportion between two altcoins that we compare especially, their market value. ICO's goal is to create a new Altcoin. This concept might affect the relationship of their value since, investors are fixed with their desired ICO, there would be a low investment to the coin offering because of the increasing number of ICO and altcoin. Investors are divided meaning to say that not all of the ICO would have the opportunity to succeed.


What might be the factor that affects the value of an altcoin?
What makes an altcoin value increase? as well as decreases?
How could we determine the relationship between altcoins? as well as their relationship to bitcoin?

We can say btc is the king of crypto space. So we can understand markets situation ( bull or bear ) from btc price chart. So because of that altcoins will move together with btc. Because btc is determining the general market condition. If you are saying why alts increasing sometimes with btc but sometimes not increasing with btc. Because sometimes we can see manipulations in market. ı believe whales sometimes try to pump altcoins because they want to earn btc. and after that they dump that btc like that.

[Hudora]

Litecoin has a lower transaction time, which means that payments for goods and services can be confirmed faster than bitcoin. This is a very important point for retailers. And another difference is the number of coins available. Litecoin can be produced 4 times more than bitcoins, namely 84 million pieces.

[Accts4u2]

A question arises when we think of the possibilities that the leading cryptocurrency bitcoin is related to other altcoins such as ETH, doge, litecoins and etc. Bitcoin price directly influence the other altcoins. but their relationship is not that predictable. One interesting thing to find out is whether ALTCOINS with the same state has a value relationship. It is when we analyze if there is a direct and indirect proportion between two altcoins that we compare especially, their market value. ICO's goal is to create a new Altcoin. This concept might affect the relationship of their value since, investors are fixed with their desired ICO, there would be a low investment to the coin offering because of the increasing number of ICO and altcoin. Investors are divided meaning to say that not all of the ICO would have the opportunity to succeed.


What might be the factor that affects the value of an altcoin?
What makes an altcoin value increase? as well as decreases?
How could we determine the relationship between altcoins? as well as their relationship to bitcoin?

The relationship stems from the trading pairs that all of the altcoins have with bitcoin. When there is trading pairs and the price and volume of bitcoin goes down then the value of the altcoins go down too since that means that there is not as much volume of bitcoins going into trading the altcoins too. That is how I understand it though

[Javi_Anibarro]

Litecoin has a lower transaction time, which means that payments for goods and services can be confirmed faster than bitcoin. This is a very important point for retailers. And another difference is the number of coins available. Litecoin can be produced 4 times more than bitcoins, namely 84 million pieces.

For now it is slightly better compared to Bitcoin, but it won't last long because Bitcoin's development is improved extremely fast compared to any other cryptocurrencies. Also do not forget the fact that Litecoin was created based on Bitcoin source, personally i interesting into something original other than a copy.
why ? it is because they knew what they were doing before and i believe they also knew how to make it better from before compared to others who created something based on others.
in the end i believe Bitcoin will surpass it.

For now, altcoin only has one goal which is as Bitcoin generator too.
even if they have something so called 'partnership', it won't help them out that much and they still need Bitcoin to fix everything.
that was why when Bitcoin plummeted from $20.000 before into this level, a lot of alts(basically everything) were moving down crazier than Bitcoin itself.

[Moeda]

What makes an altcoin value increase? as well as decreases?

I see coin prices increase depending on the platform they develop, or the continuation of the platform. Suppose they create coin exchange and exchange platforms get support from various coins, then the coin will quickly remember the price. For example, a coinmaker creates a coin about hospitality by paying a hotel by coin, then the coin price will increase, because enthusiasts will always increase and the coin turnover will run smoothly.

[arion6868]

my little opinion is, there's someone still manage to manipulate the market price, it just like stocks market, im not good in these theory, just my guard instinct

[jhache]

The relationship between altcoins and bitcoins are the trading pairs that exists between the two of these coins. If they are paired together then whatever happens to the price of bitcoin is what happens to the price of the altcoins. that is the relationship between them. The altcoins are what help to bridge the gap that is left by the supply of bitcoin

[killat]

Alts are closely linked to Bitcoin. When btc drops, usually alts drops too and vice versa.

I am basically a huge supporter of cryptocurrencies in general. However I think that Bitcoin will go way beyond 20K mark. Not because of the tech but because it acts and the leading crypto. I know that this will not be the case forever but I'm pretty confident that no other currency is going to replace bitcoin for few years (in terms of popularity - not the market cap). I'm a huge supporter of waves, Iota and stellar.

[faadhilah]

Of course this is closely related, between bitcoint and altcoint, if bitcoint rises then altcoint will also follow it and vice versa, bitcoint is the parent of all coints

[shinratensei_]

What makes an altcoin value increase? as well as decreases?

I see coin prices increase depending on the platform they develop, or the continuation of the platform. Suppose they create coin exchange and exchange platforms get support from various coins, then the coin will quickly remember the price. For example, a coinmaker creates a coin about hospitality by paying a hotel by coin, then the coin price will increase, because enthusiasts will always increase and the coin turnover will run smoothly.

That depends on the hype of the platform if you said that but there was a lot of icos with a real working product and they can't even achieve or getting a lot of demand to pump the price of their token. this a little bit strange but that's the fact that has already happened in crypto. Even a crypto with full working product can worth nothing

[Alpha0One1]

Since all altcoins prices are tied to bitcoin thru the exchanges, then everything in crypto is related to it.
If trading of altcoins will be de-coupled from bitcoin, then we'll see it's dominance decrease.

[maulana rifai]

Of course this is closely related, between bitcoint and altcoint, if bitcoint rises then altcoint will also follow it and vice versa, bitcoint is the parent of all coints

there are also altcoins that are not able to keep up with the growth of bitcoin prices when the price of bitcoin rises and it turns out that there is an altcoin whose value is decreasing. usually, altcoins that are unable to compete in the market will die or have no value. You should only invest in bitcoin to avoid bad things.

[Golftech]

Since all altcoins prices are tied to bitcoin thru the exchanges, then everything in crypto is related to it.
If trading of altcoins will be de-coupled from bitcoin, then we'll see it's dominance decrease.

The market still new and still on it's progress that's why everything still tied with bitcoin, if things works properly and most of those real project dominate from its target venue maybe we will see things will change and everything won't relied with bitcoin but those alts will have its own progress even without comparing with bitcoin we are still looking forward to see this when crypto market will succeed being adopted all over the globe.